1 month 3 mths FYTD 1 Year Fund (Net)
|
|
- Berenice Pearson
- 5 years ago
- Views:
Transcription
1 Overview Fund objective Key features To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices by investing in a diversified portfolio of equity and equity related securities of companies worldwide excluding Australia using a Value based investment strategy. Value style attractively priced companies with strong fundamentals outperform in the long run. Embracing breadth exploiting opportunities from more than 15,000 stocks globally. Bottom up, index unconstrained investing minimal sector, region or size constraints maximises the potential return and minimises dead money allocated to expensive stocks simply to satisfy inefficient index constraints. Focus on risk management and portfolio construction a highly diversified portfolio minimises stock specific risk whilst retaining a high degree of conviction. Performance to 31 July 2018 Relative to MSCI All Country World ex Australia Index Calendar year MSCI AC World ex Australia Excess (Net) 2018 YTD Rolling periods 1 month 3 mths FYTD 1 Year 3 Years 5 Years 10 Years SI * SI cum* MSCI AC World ex Australia Excess (Net) Relative to MSCI World ex Australia Index Calendar year MSCI World ex Australia Excess (Net) 2018 YTD Rolling periods 1 month 3 mths FYTD MSCI World ex Australia 1 Year 3 Years Excess (Net) Years 10 Years SI * SI cum* Past performance is not a reliable indicator of future performance. The difference between the fund and benchmark returns may not equal stated excess returns due to rounding. *Since inception from 26 July Page 1
2 Market and fund commentary Market review Equity markets were generally higher in July, with a busy corporate reporting period indicating strong earnings across a number of geographies and sectors. Although global trade tensions continue to influence investor behaviour, trade rhetoric also appeared to cool somewhat late in the month. Economic data, while more mixed than at the start of the year, remained largely stable, pushing bond yields higher. In the US, the S&P 500 gained ground, buoyed by a slew of strong company results, ongoing strength in employment and resilient economic activity. Financial and industrial stocks recovered from a difficult June, with both sectors amongst the strongest performers in the month. However, the broader rotation into more traditionally defensive sectors also continued, lifting the healthcare and consumer staples sectors. That said, all major sectors advanced. July was a better month for Eurozone equities as the region s trade worries receded. Car manufacturers and other export-related sectors drew support from a meeting between US President Trump and EU President Juncker, which resulted in plans for new tariffs being put on hold while longer-term talks take place. GDP growth for the second quarter confirmed a slowdown in economic activity, with expansion of 0.3% in Q2 following 0.4% in Q1. The UK market rose slightly over July as the renewed sterling weakness seen since the spring fed through into earnings upgrades, particularly for the large-cap overseas earners. Conversely, domestically-focused areas of the market performed poorly as fears or a no deal or cliff edge Brexit once again came to the fore after the government published its proposals for leaving the EU. In Asia, after a sharp decline in early July, the Japanese market recovered to record a small gain for the month. Elsewhere, emerging markets equities staged a rebound in July, led by Latin America as Brazil and Mexico posted strong gains on easing domestic political concerns. In contrast, China was firmly down on continuing US-China trade uncertainties as the Trump administration followed through on its threat and declared another $200 billion tariff plan. Late in the month, China announced a range of targeted economic support measures, including a shift to fiscal stimulus and credit easing. Fund commentary In a strong month for global equities, with Value ahead of both Growth and Momentum, as would be expected, the Global Value strategy outperformed in July. Outperformance was driven by strong stock selection, especially within the defensive sectors of health care and consumer staples as well as technology. At a regional level, outperformance came from positive stock selection in the US, Europe and emerging Asia. Healthcare was one of the top contributors, where our overweight positions proved beneficial as the sector performed well over the month, particularly our favoured pharmaceuticals names in the US and Continental Europe. In technology, our underweight exposure to software contributed to relative performance. In particular, not holding Facebook proved beneficial as its share price plummeted towards the end of July, as did our lack of exposure to Tencent which continued its decline from January s high. The strategy also benefited from holdings in US and Taiwanese semis companies (e.g. Qualcomm and TSMC). Despite having a difficult start to the year, consumer staples performed strongly over the month. Off the back of this, the strategy s overweight positioning in Europe and the US contributed positively. Our underweight exposure to Japanese staples also added value, as it was one of the few countries in which the sector suffered over the month. Page 2
3 Market and fund commentary (continued) Our consumer discretionary exposure slightly detracted in July, driven primarily by holdings in the US and pan-european media. This was offset to some degree by not holding Netflix which declined on news of weaker than expected subscriber numbers. Underweight exposure to US industrials also proved a slight headwind as the sector was strong in July. We retain our diversified Value exposure, finding opportunities across the full spectrum from deep value in financials and resources to high quality yield in consumer staples and healthcare. We maintain a low exposure in utilities and real estate, where we view valuation for most stocks as unattractive, particularly in the US. Our most significant exposure remains financials and we have added to positions over the month (mainly in the US and broad based at an industry level). This has been funded by some reduction across consumer staples and health care, primarily amongst European and US companies, as these stocks performed strongly in the month. In financials we aim to take advantage of opportunities right across the quality spectrum. Deep value remains in European and Asian banks. At the other end of the spectrum, we have a broad exposure to high quality companies trading on attractive valuations, particularly complex banks and life & health insurers within the US and UK. Over the month, we have selectively added to our high quality positions in US banks and life & health insurers. Attractive valuations remain across a range of high quality companies in three out of the four defensive sectors. In healthcare, our largest exposure remains US pharmaceutical companies and healthcare providers. There has been little change in our exposure to telecoms and we retain a particular focus on Asian integrated companies. Utilities remain overall unattractive. Elsewhere, within resources, we retain a preference for higher quality value within chemicals, miners and larger integrated oil companies. We have added some new opportunities recently in European industrials which broadly spread across a number of industries. Page 3
4 Attribution against MSCI All Country World ex Australia Index Sector Jul 2018 Consumer Staples Health Care Information Technology Utilities Energy Real Estate Materials Financials Telecommunication Services Industrials Consumer Discretionary Stock Selection (%) Asset Allocation (%) Region Jul 2018 Continental Europe North America Fund details as at 31 July 2018 Fund size A$560m APIR code Emerging Markets Asia Pacific ex Japan Redemption price Inception date 26 July 2005 Buy/Sell spread 0.20%/0.15% Distribution frequency Japan Emerging Markets Emea United Kingdom Emerging Markets Latam Normally twice yearly June and Dec Management costs 0.98% Fund characteristics as at 31 July Stock Selection (%) Asset Allocation (%) The attribution analysis shown above is intended to provide an indicative summary of the contributions to relative performance. The information is generated using Factset, a multi-currency performance analytical system. The total estimated sector and region performance attribution is reconciled with and adjusted to the reported official relative return. SCH0030AU ActiveShare NumHoldings Fund Active share 74.9% Number of stocks 472 Source: Schroders MSCI All Country World ex Australia Index N/A 2,713 Page 4
5 Fund weights versus MSCI All Country World ex Australia Index Sector As at Banks Telecommunication Services Materials Health Care Consumer Staples Insurance & Asset Manager Energy Real Estate Industrials Utilities Consumer Discretionary Information Technology Cash Region As at United Kingdom Japan Emerging Markets Pacific ex Japan Continental Europe North America Cash 2.5 Size As at Mega Large Mid Small Micro 0.1 The difference between the fund and benchmark weights may not equal stated active weights due to rounding Schroder Investment Management Australia Limited Level 20 Angel Place, 123 Pitt Street, Sydney NSW 2000 Phone: Fax: (02) Investment in the Schroder Global Value Fund may be made on an application form accompanying the current Product Disclosure Statement, available from Schroder Investment Management Australia Limited (ABN AFSL ) ( Schroders ).This Report is intended solely for the information of the person to whom it is provided by Schroders. It should not be relied on by any person for the purposes of making investment decisions. Total returns are calculated using exit price to exit price, after fees and expenses, and assuming reinvestment of income. Gross returns are calculated using exit price to exit price and are gross of fees and expenses. The repayment of capital and performance of the Funds is not guaranteed by Schroders or any company in the Schroders Group. Past performance is not a reliable indicator of future performance. Unless otherwise stated the source for all graphs and tables contained in this report is Schroders. Opinions constitute our judgment at the time of issue and are subject to change. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation. For security reasons telephone calls may be recorded. Third party data is owned by the applicable third party identified above and is provided for your internal use only. Such data may not be reproduced or redisseminated and may not be used to create any financial instruments or products or any indices. Such data is provided without any warranties of any kind. Neither the third party data owner nor any other party involved in the publication of this document can be held liable for any error. The terms of the third party s specific disclaimers are set forth in the Important Information section at Page 5
Fund (Net)
Overview Fund objective Key features To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices by investing in a diversified portfolio of equity and
More informationFund (Net)
Overview Fund objective Key features To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices but with lower downside risks relative to the indices.
More informationSchroder Global Core Fund Wholesale Class. Overview. Performance to 30 June Fund characteristics as at 30 June Quarterly Report June 2018
Overview Fund objective To outperform the MSCI World ex Australia Index (net dividends reinvested) before fees across a broad range of market environments with limited index-relative risk. The Fund provides
More informationSchroder Global Value Fund
Schroder Global Value Fund Overview Portfolio objective To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices by investing in a diversified portfolio
More informationSchroder Global Quality Fund
Q3/ Schroder Global Quality Fund Overview Portfolio objective To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices but with lower downside risks
More informationSchroder Global Value Fund (Hedged) Overview. Performance to 31 January Relative to MSCI All Country World ex Australia (Hedged)
Schroder Global Value Fund (Hedged) Overview Portfolio objective Key features To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices by investing
More informationFund (Net)
Overview Fund objective Key features To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices through an actively managed blend of our Value and
More informationSchroder Global Value Extension Fund. Overview. Portfolio characteristics as at 31 December Quarterly Report December 2017
Overview Portfolio objective To generate long-term returns before fees in excess of traditional capitalisation weighted global equity indices by investing in a diversified portfolio of equity and equity
More informationSchroder ISF* QEP Global Quality Q Investment Report
For professional investors only Schroder ISF* QEP Global Quality Q2 2018 Investment Report * Schroder International Selection Fund is referred to as Schroder ISF throughout this document. Q2/2018 Schroders
More informationInvesco Wholesale Global Opportunities Funds Monthly Report
Invesco Wholesale Global Opportunities Funds Monthly Report 31 August 2018 Fund performance analysis - hedged - Class A (periods to 31 August 2018) Fund Managers Stephen Anness Fund Manager (Lead), Global
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy October 2009
Prudential International Investments Advisers, LLC. Global Investment Strategy October 2009 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationActive M Emerging Markets Equity Fund (NMMEX) (Formerly known as Multi-Manager Emerging Markets Equity Fund)
NORTHERN FUNDS Active M Emerging Markets Equity Fund (NMMEX) (Formerly known as Multi-Manager Emerging Markets Equity Fund) 2Q 2018 Performance Review June 30, 2018 Please carefully read the prospectus
More informationEastspring Investments Asian Low Volatility Equity Fund
Factsheet Singapore October 2018 All data as at 30 September 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 307.3 Fund base currency Fund
More informationFund Management Diary
Fund Management Diary Meeting held on 15 th May 2018 IT sector to struggle when the S&P 500 slumps Capital Economics expects the United States economy to slow next year and cause the S&P 500 to fall to
More informationSummit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri
Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri 63105 314.727.7211 Quarterly Review Global Equity Market Update GLOBAL EQUITY MARKETS CALENDAR YEAR RETURNS 2002 2003 2004 2005
More informationInvesco Wholesale Australian Smaller Companies Fund - Class A Monthly Report
Invesco Wholesale Australian Smaller Companies Fund - Class A Monthly Report 31 May 2018 Performance analysis (periods to 31 May 2018) Fund Managers Andre Roberts Ritchard Longmire CJ Tsai Portfolio Manager
More informationFinancial Market Outlook: Stock Rally Continues with Faster & Stronger GDP Rebound, Earnings Recovery & Liquidity
For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com Financial Market Outlook & Strategy: Further Stock Gains with Macro Sweet Spot & Earnings Recovery.
More informationFinancial Market Outlook: Further Stock Gain on Faster GDP Rebound and Earnings Recovery. Year-end Target Raised
For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com Financial Market Outlook & Strategy: FurtherStock Gains Likely, Year-end Target Raised. Bond Under Pressure
More informationFund Quarterly Commentary TD Emerald Low Volatility Global Equity Non-Taxable Investors Pooled Fund Trust Commentary September 30, 2018
Fund Quarterly Commentary TD Emerald Low Volatility Global Equity Non-Taxable Investors Pooled Fund Trust Commentary September 30, 208 Fund Strategy Over the long term, the TD Emerald Low Volatility Global
More informationSchroder Global Value Fund. Wholesale Class. Product Disclosure Statement Issued: 1 August 2017
Schroder Global Value Fund Product Disclosure Statement Issued: 1 August 2017 Contact details Schroder Investment Management Australia Limited (ABN 22 000 443 274) (AFSL No. 226 473) Registered office
More informationHSBC Global Investment Funds - Chinese Equity
HSBC Global Investment Funds - Chinese Equity S Share Class 31 Jan 2019 31/01/2019 Fund Objective and Strategy Investment Objective The Fund seeks long-term capital growth by investing in a portfolio of
More informationEastspring Investments Asian Low Volatility Equity Fund
Factsheet Singapore December 2018 All data as at 30 November 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 293.4 Fund base currency Fund
More informationElston Blend Model Market Update
Blend Model Market Update September 2018 Snapshot of the month The S&P/ASX 100 Accumulation Index declined -1.3% while the MSCI World ex Australia NR Index (A$) ended +0. higher. The A$ appreciated +0.
More informationInvesco Wholesale Global Targeted Returns Fund Class A Monthly Report
Invesco Wholesale Global Targeted Returns Fund Class A Monthly Report 31 March 2018 FUND MANAGER OF THE YEAR 2017 WINNER Alternative Investments Fund performance analysis (periods to 31 March 2018) s Net
More informationNovember PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy November 2015 John Praveen, PhD Chief Investment Strategist FOR MORE INFORMATION CONTACT: Theresa Miller Phone:
More informationMarket Watch. July Review Global economic outlook. Australia
Market Watch Latest monthly commentary from the Investment Markets Research team at BT. Global economic outlook Australia Available data for the June quarter is consistent with a moderation in GDP growth
More informationInvesco Wholesale Australian Share Fund Monthly report
Invesco Wholesale Australian Share Fund Monthly report 31 May 2018 Fund performance analysis (periods to 31 May 2018) Fund Managers Andre Roberts Ritchard Longmire CJ Tsai Portfolio Manager - Neil Lahy
More informationFund Fact Sheet. for members of the Hewlett-Packard Limited Pension Scheme
Fund Fact Sheet for members of the Hewlett-Packard Limited Pension Scheme 31 December 29 Introduction This fact sheet gives you details of the investment funds available to you as a member of the Hewlett-Packard
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $906480749.69 Fund Inception Date 25/10/2005 Number of Issuers 49 Bloomberg ISIN Base Currency Investment
More informationSchroder Asian Income Monthly Fund Update
Monthly Fund Update Fund Performance As at 30 April 2016, in SGD 1 month Year to date 1 Year 3 Years (p.a.) Since launch* (p.a.) Fund (Bid-Bid) (%) Fund (Offer-Bid) (%) 0.9 1.9-2.3 2.3 8.0-4.1-3.2-7.2
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $832,597,433.81 Fund Inception Date 25/10/2005 Number of Issuers 50 Bloomberg ISIN Base Currency Investment
More informationFebruary market performance. Equity Markets Index Price Indices. Property Index Price Index
MARCH 2017 In February, global equity markets continued to trend higher boosted by optimism about US growth and reasonably good economic and corporate earnings data. In the United States, the Standard
More informationEastspring Investments Asian Low Volatility Equity Fund
Factsheet Singapore August 2018 All data as at 31 July 2018 unless otherwise stated Eastspring Investments Asian Low Volatility Equity Fund FUND DETAILS Fund size (mil) 305.7 Fund base currency Fund dealing
More informationGLOBAL INVESTMENT OUTLOOK & STRATEGY
May 2018 John Praveen, PhD Managing Director FOLLOW Us ON TWITTER: @prustrategist FOR MORE INFORMATION CONTACT: Kristin Meza Phone: 973-367-4104 Email: kristin.meza@ prudential.com PGIM is the Global Investment
More informationADVANCE DEFENSIVE YIELD MULTI-BLEND FUND
ADVANCE DEFENSIVE YIELD MULTI-BLEND FUND As at 30 June 2018 FUND PERFORMANCE * 1 month 3 months 6 months 1 year 2 year (% pa) Since incept (% pa) Growth return (0.76) (1.18) (1.45) (1.60) (0.84) (0.01)
More informationPRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook September 2013 Financial Market Outlook: Stocks likely to Remain in Modest Uptrend with Low Rates & Plentiful Liquidity, Improving
More informationORSO 職業退休計劃. Fidelity Advantage Portfolio Fund
ORSO 職業退休計劃 Fidelity Advantage Portfolio Fund Semi-Annual Report and Accounts For the period ended 30 June 2018 SEMI-ANNUAL REPORT AND ACCOUNTS - FOR THE PERIOD ENDED 30TH JUNE 2018 Contents Pages Management
More informationFund Management Diary
Fund Management Diary Meeting held on 12 th March 2019 Earnings to weigh on emerging market equities A slowdown in both the United States and Chinese economies will weigh heavily on export growth in the
More informationNorth American Equity Fund. Quarterly Investment Report
North American Equity Fund Quarterly Investment Report As of September 30, 2018 Overview Fund objective The Fund seeks long-term capital growth. Fund valuation Total net assets (all share classes) Fund
More informationSUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q1 2017
SUCCESSION MANAGED PORTFOLIO SERVICE MARKET & REBALANCE COMMENTARY - Q1 2017 FOR PROFESSIONAL ADVISERS ONLY EXECUTIVE SUMMARY Equity markets performed strongly during the first quarter, as the modest acceleration
More informationZurich Investments Wholesale Funds
Zurich Investments Wholesale Funds Supplementary Product Disclosure Statement Preparation date: 25 July 2011 This document is a Supplementary Product Disclosure Statement (SPDS) for the Zurich Investments
More informationFinancial Market Outlook: Stocks Rebounding from July Correction, Further Gains Likely. Bond Yields Range Bound
For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com Financial Market Outlook & Strategy: Stocks Rebounding from July Correction, Further Gains Likely. Bond
More informationBeulah Balanced Portfolio
Beulah Balanced Portfolio Quarterly Fact Sheet September 2018 Level 9, 401 Collins Street, Melbourne Vic 3000 T +613 9270 9170 F +613 8080 5983 W beulahcapital.com Beulah Capital Pty Ltd ABN 72 079 169
More informationPrudential International Investments Advisers, LLC. Global Investment Strategy May 2008
Prudential International Investments Advisers, LLC. Global Investment Strategy May 2008 By John Praveen, Chief Investment Strategist For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationGlobal Shares Quarterly Performance Update: Q4 2015
Global Shares Quarterly Performance Update: Q4 2015 Bianca Rose Portfolio Manager +612 9276 4558 bianca.rose@ibbotson.com Market Commentary The December quarter proved to be an eventful period for financial
More informationEmerging Markets High Dividend Q Commentary. Market Review: Performance:
S C H A F E R C U L L E N C A P I T A L M A N A G E M E N T Emerging Markets High Dividend Q1 2018 Commentary Market Review: The first quarter of 2018 marked a shift from the meteoric rise of 2017, with
More informationFund Management Diary
Fund Management Diary Meeting held on 11 th December 2018 Losing Momentum After a strong start to the year, global growth peaked in the first of 2018 and doesn t look like regaining momentum. Trade tensions
More informationHigh Dividend Value Equity Q Commentary. Market Review:
S C H A F E R C U L L E N High Dividend Value Equity Q3 2016 Commentary Market Review: C A P I T A L M A N A G E M E N T In the third quarter of 2016, the S&P 500 and Russell 1000 Value returned 3.9% and
More informationSummit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri
Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri 63105 314.727.7211 Quarterly Review Global Equity Market Update GLOBAL EQUITY MARKETS CALENDAR YEAR RETURNS 2002 2003 2004 2005
More informationGlobal Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy March 2017 Global Stock Markets Rally likely to Continue, Driven by Strong Earnings & Strengthening GDP Growth.
More informationSector Asset Allocation
EQUITY STRATEGY QUARTERLY INVESTMENT STRATEGY 19 GLOBAL EQUITY Sector Asset Allocation N + Consumer Discretionary Consumer Staples Financials Healthcare Real Estate Technology Telecommunications We have
More informationInternational High Dividend ADR Equity Strategy Q Commentary. Market and Economic Review
S C H A F E R C U L L E N C A P I T A L M A N A G E M E N T International High Dividend ADR Equity Strategy Q4 2013 Commentary Market and Economic Review Major international equity markets ended the year
More informationGlobal Investment Outlook
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook 2015 Year Ahead - Global Investment Outlook Stocks likely to Post Solid Gains in 2015 Fuelled by Fresh QE Stimulus in Eurozone
More informationMarch Company meetings (last year Antares analysts made over 600 meetings with companies) General reading and research.
March 2018 Typically over 100% of alpha in Antares portfolios is from stock selection. Our approach is, and always has been, bottom-up stock picking. A consistent process and detailed, quality research
More informationSeptember PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy September 2015 Stock Market Volatility likely to Remain Elevated in Near-term on China Concerns & Fed Uncertainty.
More informationGlobal Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy John Praveen, PhD Chief Investment Strategist FOR MORE INFORMATION CONTACT: Mayura Hooper Phone: 973-367-7930 Email:
More informationMay market performance. Index. Index. Global economies
JUNE 2016 The recovery in equity and commodity prices from February lows continued into May with the third straight month of equity and commodity price rises. Oil prices continued to move higher, up another
More informationTempleton China Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $581,186,801.52 Fund Inception Date 01/09/1994 Number of Issuers 52 Bloomberg ISIN Base Currency Investment
More informationEastspring Investments Funds Monthly Income Plan
Factsheet Singapore October 2018 All data as at 30 September 2018 unless otherwise stated Eastspring Investments Funds Monthly Income Plan FUND DETAILS Fund size (mil) 1,027.1 Fund base currency Fund dealing
More informationJanuary market performance. Equity Markets Price Indices Index
Global Central Banks continue to lower interest rates. The RBA cuts the cash rate by 25bp to 2.25% (February 2015). The ECB finally announces Quantitative Easing 60b per month. Oil prices declined again
More informationGLOBAL ADR STRATEGY STRATEGY FACTS AVERAGE ANNUAL RETURNS AS OF JUNE 30, 2017 TOP TEN HOLDINGS TOP TEN COUNTRIES REGIONAL ALLOCATION
Capturing Value Worldwide 6.30.2017 STRATEGY FACTS Discipline Bottom-up/ Active Management Process Fundamental Strategy $1.5 Million Inception 10/1/2000 Portfolio Managers Thomas S. White, Jr. Douglas
More informationInvesco Wholesale Australian Share Fund Monthly report
Invesco Wholesale Australian Share Fund Monthly report 31 August 2018 Fund performance analysis (periods to 31 August 2018) Fund Managers Andre Roberts Ritchard Longmire CJ Tsai Portfolio Manager - Neil
More informationGlobal Investment Outlook & Strategy
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy February 2017 Global Stock Market Rally likely to Continue with Solid Q4 Earnings & Stronger 2017 Earnings, ECB
More informationYear in review Summary
Summary Canadian equities declined in 2018 and underperformed their global peers in Canadian dollar terms. U.S. equities also corrected as the risk of slowing pace of economic expansion, higher interest
More informationRNPFN Managed Growth Fund. Investment Report 2016
RNPFN Managed Growth Fund Investment Report 2016 RNPFN Managed Growth Fund Investment Report 2016 This information does not constitute investment advice and we recommend that you speak to a suitably qualified
More informationHSBC Global Investment Funds - Chinese Equity
HSBC Global Investment Funds - Chinese Equity S Share Class 31 Jul 2018 31/07/2018 Fund Objective and Strategy Investment Objective The Fund seeks long-term capital growth by investing in a portfolio of
More informationFund Fact Sheet. for members of the Hewlett-Packard Limited Pension Scheme
Fund Fact Sheet for members of the Hewlett-Packard Limited Pension Scheme 3 June 21 Introduction This fact sheet gives you details of the investment funds available to you as a member of the Hewlett-Packard
More informationFidelity Variable Insurance Products: Freedom Funds Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050
Fidelity Variable Insurance Products: Freedom Funds Income, 2005, 2010, 2015, 2020, 2025, 2030, 2035, 2040, 2045, 2050 December 31, 2017 Contents Performance 4 Management s Discussion of Fund Performance
More informationNorthern Multi-Manager International Equity Fund
N O R T H E R N F U N D S Northern Multi-Manager International Equity Fund 4Q'13 Attribution & Performance Please carefully read the prospectus and summary prospectus and consider the investment objectives,
More informationQuarterly Market Review
Quarterly Market Review THEMES FOR THE QUARTER Emerging Markets the Standout in Mixed Q1 Global Equity Returns Developed Markets Positive; Australia and NZ Negative Value Premium Positive in Emerging Markets;
More informationBy John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.*
By John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.* For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com
More informationA (Ydis) USD. Franklin Templeton Investment Funds. Fund Manager Report. Calendar Year Returns (%) Portfolio Manager Insight
Templeton Emerging Markets Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $965,180,399.67 Fund Inception Date 28/02/1991 Number of
More informationQuarterly Range Report
Quarterly Range Report Active Plus Range - Q3 2018 Pension Insured Funds S4 Retail Active Plus There are five Active Plus Pension Funds, ranging from lower through to higher risk (I to V). Each fund invests
More informationUBS International Share Fund. Quarterly investment report to 30-Sep-18
UBS International Share Fund Quarterly investment report to 30-Sep-18 Performance Comments Before fees and expenses, the portfolio rose by 6.75% over the quarter, underperforming its benchmark. % Return
More informationEric C. Elbell, CFA, CAIA Area Senior Vice President. Kyongdo Min, CPA, CFA Area Vice President. April 11, 2018
Eric C. Elbell, CFA, CAIA Area Senior Vice President Kyongdo Min, CPA, CFA Area Vice President April 11, 2018 Agenda We will address three key topics: Headline events that impacted markets during the quarter
More informationMarket turmoil prevails, the economy continues to grow
ING Investment Office Publication date: 13 June 2018, 1.15 p.m. Monthly Investment Outlook June 2018 Market turmoil prevails, the economy continues to grow May June Asset allocation - + Market turmoil
More informationPRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook
PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook February 2015 Stocks to Fully Rebound from Late 2014/Early 2015 Sell-off with ECB Launching Aggressive QE, Rate Cuts by Several
More informationJUNE 2017 QUARTERLY MARKET COMMENTARY
JUNE 2017 QUARTERLY MARKET COMMENTARY Market Commentary Australia: The Reserve Bank of Australia (RBA) left the cash rate unchanged at 1.5% in the June quarter The Australian seasonally adjusted unemployment
More informationSpecialist Funds. Product Disclosure Statement Platform
Specialist Funds Product Disclosure Statement Platform Issued 1 July 2014 Issued by AMP Capital Funds Management Limited ABN 15 159 557 721 AFSL 426455 Specialist Funds Issued 1 July 2014 Issuer and responsible
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $618949749.64 Fund Inception Date 25/10/2005 Number of Issuers 52 Bloomberg ISIN Base Currency Investment
More informationDecember UK Brexit vote and US election a volatile six months. Two-sided luck. Misleading markets perfect foresight wouldn t have helped
Personal Choice Investor Update It s lucky that luck is two-sided December 2016 As bottom-up investors that primarily focus on stock selection, Antares is often asked about the impact of macro developments
More informationPersonal Managed Funds and Future Lifestyle Plan. Investor Report
Personal Managed Funds and Future Lifestyle Plan Investor Report for the six months ended 31 March 2016 1 Getting the most from your Investor Report Your Investor Report makes it easy for you to see how
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $677,114,757.61 Fund Inception Date 25.10.2005 Number of Issuers 51 Bloomberg ISIN Base Currency Investment
More informationEndowment Funds Performance (Year ending June 30 th, 2014)
Endowment Funds Performance (Year ending June 30 th, 2014) prepared for Investment Subcommittee (Note: all returns and values are expressed in Canadian Dollars- CAD s) 1 Quarterly Market Overview Equity
More informationUpdate William Blair Emerging Markets Leaders Fund
Fact Sheet 31.03.2018 Update OBJECTIVE Capital Appreciation CHARACTERISTICS The Fund seeks to invest in emerging markets companies with above-average returns on equity, strong balance sheets and consistent,
More informationFinancial Market Outlook & Strategy: Stocks Bottoming On Track to Recovery. Near-term Risks
For Market Commentary Interviews Contact: Lisa Villareal, 973-367-2503/lisa.villareal@prudential.com Financial Market Outlook & Strategy: Stocks Bottoming On Track to Recovery. Near-term Risks John Praveen
More informationQuantitative Review of U.S. Equities Second Quarter 2018
Quantitative Review of U.S. Equities Second Quarter 2018 Despite heightened concerns about global trade barriers in an environment of new tariffs and aggressive trade rhetoric, U.S. equities moved solidly
More informationPortfolio Select Series. Portfolio Review Second Quarter 2012
Portfolio Select Series Portfolio Review Second Quarter 2012 Q2 Q2 3 Select Income Advantage Managed Portfolio 6 Select 80i20e Managed Portfolio 10 Select 70i30e Managed Portfolio 14 Select 60i40e Managed
More informationGlobal. Invesco global equity funds Investment update Six months to 30 September 2018
Invesco global equity funds Investment update Six months to 30 September 2018 Global This investment update covers the following funds: Invesco Global Equity Fund (UK) Invesco Global Equity Income Fund
More informationEastspring Investments Asian Property Securities Fund
Factsheet Singapore January 2019 All data as at 31 December 2018 unless otherwise stated Eastspring Investments Asian Property Securities Fund RATINGS Class A Morningstar Overall Rating QQQQ FUND DETAILS
More informationTodd International Intrinsic Value Review
October 19, 2018 Intrinsic Value Team Todd Asset Management Todd International Intrinsic Value Review 3Q 2018 YTD 1 Year 3 Year* 5 Year* 7 Year* 10 Year* International Intrinsic Value (Gross) 0.2% -1.6%
More informationPERFORMANCE SUMMARY AND COMMENTARY AUGUST 2018 FOR FINANCIAL ADVISERS ONLY
PERFORMANCE SUMMARY AND COMMENTARY AUGUST 18 FOR FINANCIAL ADVISERS ONLY CRA ACTIVE MANAGED PORTFOLIOS PERFORMANCE SUMMARY CHART (CRA 3-6 ACTIVE) 4 3 1-1 14 15 16 17 18 3 Active IA Mixed -35% 4 Active
More informationLonsec Diversified Direct Model Portfolios
Lonsec Diversified Direct Model Portfolios ISSUE DATE 06-11-2014 Performance review Model portfolios RETURNS TO 30 SEP 2014 SECURE DEFENSIVE CONSERVATIVE BALANCED GROWTH HIGH GROWTH 3 MONTHS (%) MODEL
More informationSchroder Global Recovery Fund. Professional Class. Product Disclosure Statement Issued: 1 August 2017
Schroder Global Recovery Fund Product Disclosure Statement Issued: 1 August 2017 Contact details Schroder Investment Management Australia Limited (ABN 22 000 443 274) (AFSL No. 226 473) Registered office
More informationMonthly Investment Report as at 31 January 2018 CC Marsico Global Fund - Institutional Class (APIR: CHN0001AU)
IndexName ReportingCurre ReportingCurrencyCode MSCI All Countr Australian Dollar AUD MARSICO Market Review During the month of January, global financial markets sent a powerful growth message. Stocks soared,
More informationQuarterly market summary 4th Quarter 2018
POOLED PENSIONS Quarterly market summary 4th Quarter 2018 Economic overview As the quarter progressed, investors became increasingly concerned about the outlook for the world economy. The perception was
More informationTempleton Global Equity Fund
Value Equity Product Profile Product Details Fund Assets $150,018,145.10 Fund Inception Date 10/03/2005 Number of Issuers 94 Base Currency AUD Investment Style Value Overview Our time-tested investment
More informationGlobal Equites declined from Concern over Trade War
Quarterly Market Outlook: Quarter 2 2018 on 3 April 2018 Global Equites declined from Concern over Trade War Investment Outlook for 2 nd Quarter 2018 Equity Thailand U.S. Europe Japan Asia Bond Thailand
More informationInvesting in Australian Small Cap Equities There s a better way
Investing in Australian Small Cap Equities There s a better way Greg Cooper, Chief Executive Officer, Australia November 2017 Executive Summary This paper explores the small cap Australian Shares market,
More informationTempleton Asian Growth Fund A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4,472,298,470.36 Fund Inception Date 16/04/1991 Number of Issuers
More information